AAPI.L vs. 3NIE.L

Last updated Apr 1, 2026

Compare and contrast key facts about IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L) and Leverage Shares 3x Long NIO ETP Securities (3NIE.L).

AAPI.L and 3NIE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAPI.L is an actively managed fund by Leverage Shares. It was launched on Sep 26, 2024. 3NIE.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3x NIO Index. It was launched on Dec 10, 2021.

Performance

AAPI.L vs. 3NIE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L) and Leverage Shares 3x Long NIO ETP Securities (3NIE.L). The values are adjusted to include any dividend payments, if applicable.

AAPI.L vs. 3NIE.L - Yearly Performance Comparison

	2026 (YTD)	2025
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP	-11.83%	-3.74%
3NIE.L Leverage Shares 3x Long NIO ETP Securities	1.40%	-23.05%

Different Trading Currencies

AAPI.L is traded in GBp, while 3NIE.L is traded in USD. To make them comparable, the 3NIE.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, AAPI.L achieves a -11.83% return, which is significantly lower than 3NIE.L's 1.40% return.

AAPI.L

• 1D: 0.69%
• 1M: -6.68%
• YTD: -11.83%
• 6M: -11.99%
• 1Y: -8.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

3NIE.L

• 1D: 21.93%
• 1M: 51.65%
• YTD: 1.40%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAPI.L vs. 3NIE.L - Expense Ratio Comparison

AAPI.L has a 0.55% expense ratio, which is lower than 3NIE.L's 0.75% expense ratio.

3NIE.L

Leverage Shares 3x Long NIO ETP Securities

AAPI.L

IncomeShares Apple (AAPL) Options ETP GBP

Return for Risk

AAPI.L vs. 3NIE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAPI.L

AAPI.L Risk / Return Rank: 5
AAPI.L Sharpe Ratio Rank: 6
AAPI.L Sortino Ratio Rank: 6
AAPI.L Omega Ratio Rank: 5
AAPI.L Calmar Ratio Rank: 4
AAPI.L Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAPI.L vs. 3NIE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L) and Leverage Shares 3x Long NIO ETP Securities (3NIE.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AAPI.L	3NIE.L	Difference
Sharpe ratio Return per unit of total volatility	-0.34	—	—
Sortino ratio Return per unit of downside risk	-0.29	—	—
Omega ratio Gain probability vs. loss probability	0.96	—	—
Calmar ratio Return relative to maximum drawdown	-0.50	—	—
Martin ratio Return relative to average drawdown	-1.03	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AAPI.L	3NIE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.21	-0.31	+0.10

Correlation

The correlation between AAPI.L and 3NIE.L is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AAPI.L vs. 3NIE.L - Dividend Comparison

AAPI.L's dividend yield for the trailing twelve months is around 11.56%, while 3NIE.L has not paid dividends to shareholders.

	TTM	2025	2024
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP	11.56%	11.04%	1.04%
3NIE.L Leverage Shares 3x Long NIO ETP Securities	0.00%	0.00%	0.00%

Drawdowns

AAPI.L vs. 3NIE.L - Drawdown Comparison

The maximum AAPI.L drawdown since its inception was -31.31%, smaller than the maximum 3NIE.L drawdown of -60.99%. Use the drawdown chart below to compare losses from any high point for AAPI.L and 3NIE.L.

Drawdown Indicators

	AAPI.L	3NIE.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.31%	-60.65%	+29.34%
Max Drawdown (1Y) Largest decline over 1 year	-18.98%	—	—
Current Drawdown Current decline from peak	-23.86%	-22.81%	-1.05%
Average Drawdown Average peak-to-trough decline	-14.35%	-39.27%	+24.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.26%	—	—

Volatility

Volatility by Period

	AAPI.L	3NIE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.14%	164.70%	-139.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.18%	164.70%	-140.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.18%	164.70%	-140.52%